Israeli developer of laser sensors (LiDAR). Innoviz Technologies Ltd. (Nasdaq: INVZ) said it should display how its technology works seamlessly with Nvidia’s DRIVE AGX Orin platform and offers software features designed to speed up autonomous driving applications at CES currently going down in Las Vegas.
Innoviz says the collaboration represents a significant step forward within the industry’s transition to AI-based systems and better performance, with the corporate’s software enabling real-time processing and perception of the vehicle’s surroundings and enabling exceptional object detection, classification and tracking. This solution is intended to enhance the protection and performance of autonomous vehicles and advanced driver assistance systems (ADAS). “At Innoviz, we are continually focused on pushing the boundaries of autonomous driving technology to provide safer and more reliable systems for the future of mobility,” said Innoviz CEO Omer Keilaf. “Leveraging the Nvidia DRIVE Orin platform, we will be able to offer a powerful combination of cutting-edge LiDAR sensors and perception software, enabling automakers to scale from L2+ ADAS all the way to fully autonomous vehicles.”
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Innoviz launched on Wall Street in 2021 via a SPAC merger that valued $1.4 billion. Like many corporations that accomplished SPAC mergers at the peak of the 2021 tech bubble, Innoviz lost most of its value but recovered significantly from its low in November on the back of its partnership with Mobileye and recent revenue from engineering services. The company’s stock price is currently 20% higher, giving it a market capitalization of $403 million.
Published by Globes, Israeli Business News – pl.globes.co.il – January 7, 2025
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